New York State Government to Monitor its Use of AI under a New Law

A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)
A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)
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New York State Government to Monitor its Use of AI under a New Law

A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)
A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)

New York state government agencies will have to conduct reviews and publish reports that detail how they're using artificial intelligence software, under a new law signed by Gov. Kathy Hochul.

Hochul, a Democrat, signed the bill last week after it was passed by state lawmakers earlier this year.

The law requires state agencies to perform assessments of any software that uses algorithms, computational models or AI techniques, and then submit those reviews to the governor and top legislative leaders along with posting them online, according to The AP.

It also bars the use of AI in certain situations, such as an automated decision on whether someone receives unemployment benefits or child care assistance, unless the system is being consistently monitored by a human.

State workers would also be shielded from having their hours or job duties limited because of AI under the law.

State Sen. Kristen Gonzalez, a Democrat who sponsored the bill, called the law an important step in setting up some guardrails in how the emerging technology is used in state government.

 

 

 

 

 



Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
TT

Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo

Getty Images said on Tuesday it will merge with rival Shutterstock to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.

Shutterstock's shares were up 9.9% in premarket trading, while shares of Getty Images were up 18.7%, according to Reuters.

The combined company will be named Getty Images Holdings Inc and will continue to trade on the New York Stock Exchange under the ticker symbol "GETY".

At close, Getty Images' CEO, Craig Peters, will serve as CEO of the combined company.

Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use.